Paul Atkins Insists “Current Framework Badly Needs Attention” At SEC Crypto Roundtable

On 25 April 2025, the US Securities and Change Fee (SEC) hosted its first main Crypto Process Drive roundtable. Headlining the Washington DC occasion, the newly appointed SEC Chair Paul Atkins mentioned, “The market itself seems to indicate that the current framework badly needs attention.”

“This is important work as entrepreneurs across the United States are harnessing blockchain technology to modernize aspects of our financial system,” mentioned Atkins. “I expect huge benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation.”

He additional insisted, “Market participants engaging with this technology deserve clear regulatory rules of the road. Innovation has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered.”

The discussions on the roundtable additionally marked a symbolic departure from the enforcement-heavy posture of his predecessor, Gary Gensler.

As we speak on the SEC Crypto Roundtable we heard from Paul Atkins, in his first public deal with because the newly sworn in thirty fourth Chair of the SEC.

“Innovation, sadly has been stifled for the final a number of years as a result of market and regulatory uncertainty that sadly the SEC… pic.twitter.com/iyq6L6kYnx

— Jason Meyers (@JasonMeyersNYC) April 26, 2025

Discover: 9+ Greatest Excessive-Danger, Excessive–Reward Crypto to Purchase in April 2025

“Our regulatory approach should recognize the differences across crypto assets,” mentioned “Crypto Mom”

Atkins additionally praised SEC Commissioner Hester M. Peirce for “her principled and tireless advocacy for common-sense crypto policy within the US.” He mentioned, “It is no wonder that she has earned the title of “CryptoMom.”

In the meantime, based on Peirce, the SEC ought to acknowledge and welcome the truth that blockchain expertise empowers buyers by permitting them to self-custody, commerce, and in any other case have interaction with their belongings with out the usage of any middleman. “Our regulatory framework should not stand in the way of these innovations by forcing intermediation,” she mentioned.

The roundtable, attended by trade leaders, regulators, and authorized consultants, targeted on the essential concern of digital asset custody – a longstanding ache level for crypto companies searching for to adjust to federal securities legal guidelines.

Speaking about digital asset custody, Caroline A Crenshaw mentioned, “Some believe that differences from traditional assets justify exemptions or disparate treatment for custody of crypto assets under our rules. But if we are to consider implementing an alternative custody regime for crypto assets – something the SEC has not done wholesale for another asset class without good reason – we must keep in mind some guiding principles.”

“Existing SEC custody rules are a gold standard of investor protection,” she continued.

Nonetheless, she questioned, “If the SEC were to create a dual-regime, how do we ensure the crypto regime is as robust as the current regime? Additionally, how could the Commission address increased risks to investors and the broader financial system that may stem from different crypto custody rules? ”

Discover: 72 ETF Filings Are Pending Approval At SEC: Michael Saylor Says Paul Atkins Will Be Good For Bitcoin

Business Voices: Michael Saylor Says Paul Atkins Will Be Good For Bitcoin

Atkins was sworn in on Monday, 21 April 2025, because the thirty fourth Chairman of the US SEC, marking a major shift towards a extra crypto-friendly regulatory stance.

Technique Chairman Michael Saylor took to X to say, “SEC Chairman Paul Atkins will be good for Bitcoin.”

Commenting on Atkins’ appointment, Trump mentioned, “He’s the right man to guide this company at a time when crypto innovators are urgently in want of regulatory certainty and clear guidelines of the street.

In the meantime Atkins mentioned that Bitcoin and crypto shall be his prime precedence.

“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” Atkins mentioned. “Together we will work to ensure that the US is the best and most secure place in the world to invest and do business.”

Discover: 17 Subsequent Crypto to Explode in 2025: Skilled Cryptoforex Predictions & Evaluation

Key Takeaways

The Crypto Process roundtable, attended by trade leaders, regulators, and authorized consultants, targeted on the essential concern of digital asset custody – a longstanding ache level for crypto companies searching for to adjust to federal securities legal guidelines.